New From PetroChem Wire . . . .
NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.
For more information, click here.
For all of our products and services,
Indorama Ventures’ Lake Charles olefins unit to start up in 1Q 2018
HOUSTON, November 9, 2017 (PCW) – Thailand’s Indorama Ventures said Thursday its 968 million lbs/yr olefins unit at Lake Charles is 95% mechanically complete and commissioning should be done in the next few months. Start-up is scheduled for 1Q 2018.
The unit was originally set to begin operations by the end of the year.
The cracker can only produce some 44 million lbs/yr of propylene. It should consume some 28,000 b/d of ethane and about 1,500 b/d of propane, according to PetroChem Wire estimates.
Indorama on Thursday reported 3Q net income of $137 million, up 68% from the year-ago period. This was due to higher operating rates and resulting stronger volumes. -- Samantha Hartke